Champaign, Ill., June 15, 2007 — The University of Illinois College of Business announces that faculty member Josef Lakonishok and his wife, Margot, have established the Josef and Margot Lakonishok Decanal Chair in Business, an endowed position to be held by the dean of the College of Business. The endowment will support important faculty and student initiatives in the College and will also establish the Lakonishok Doctoral Fellowship in the department of Finance.
“We are honored to receive this important leadership gift,” said Dean Avijit Ghosh. “Josef and Margot have been important and generous members of our community for a long time, and Josef’s contributions to the field of finance are legendary.”
Lakonishok is the William G. Karnes professor of mergers and acquisitions in the department of finance, a research associate at the National Bureau of Economic Research (NBER), and a principal at LSV Asset Management. He is a leading contributor to major finance journals and is frequently cited in financial publications around the world. He is best known for his work on value investing and is recognized as one of the most prolific finance scholars in the world.
Department Chair David Ikenberry said that Lakonishok has deeply influenced both the department and the field of finance as a whole. “We are indebted to the impact he has had on the finance profession, our department and its faculty, and our students,” Ikenberry said. “Given his more than two decades of service to the College and to the University of Illinois, it is fitting that his name will continue to be linked to supporting academic excellence and accomplishment.”
Dean Ghosh added that it is a unique honor for any dean to hold a chair established by one of the institution’s illustrious faculty. “The strength of a university resides in its faculty. We’re delighted to receive this gift, a gift that signifies a permanent commitment to quality education and that will continue to help identify, recruit, and support outstanding faculty as we continue our tradition of academic excellence in the College of Business.”
Nationally recognized as one of the top business schools, the College of Business at the University of Illinois Urbana-Champaign has outstanding programs in accountancy, business administration, and finance. The College enrolls approximately 3,000 undergraduates and 775 graduate students in MBA, master’s and doctoral programs.
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